"I’m constantly embarrassed. I fidget and twist my hair and pull weird faces and stutter. Some days I feel quite confident, then others there’s a microscopic flaw about myself physically, which will make me embarrassed to walk the streets."
"But the centre of my world, the heart of Albion, was undoubtedly Waterloo. It was where the city came into sharp relief for me when I was fifteen, where, with a few friends, I came blinking into the light as we transcended from the train for the first time."
Carl -Threepenny Memoir.
This is what You’re My Waterloo, means to me. People say it refers to Waterloo as someone’s greatest defeat, referring to the battle of Waterloo and they may have a point. But for me it means the place. I think it’s saying that everything Waterloo means to Carl is what Carl means to Peter 'you're the centre of my world, you're the most important place for me, you made me who I am, you're the reason I'm here, you're the reason I'm still standing.' Just as Waterloo was Carl’s entry to London, Carl was Peter’s.